May 23, 2022 12:42 PM IST

Buy Amara Raja Batteries: target of Rs 629: Sharekhan

Sharekhan is bullish on Amara Raja Batteries has recommended buy rating on the stock with a target price of Rs 629 in its research report dated May 20, 2022.

Amara Raja Batt Consolidated March 2022 Net Sales at Rs 2,180.96 crore, up 3.73% Y-o-Y

Amara Raja Batt Standalone March 2022 Net Sales at Rs 2,180.70 crore, up 3.71% Y-o-Y

Ideas For Profit | Amara Raja: Should you buy despite adverse raw material price impact on stock & financials?

In terms of valuations, Amara Raja is now trading at 10.8 times FY24 projected earnings, which appears attractive, especially following the >45% correction from January'21 high. MC Pro advises investors to include the stock for the long term. Here's why

Top 10 trading ideas by experts for March series that start on positive note

The Nifty 50 must surpass 16,800-17,000 levels to gain strength, which is possible if geopolitical tensions ease. However, 16,400-16,200 will act as crucial support levels, experts said.

Buy Amara Raja Batteries; target of Rs 784: Sharekhan

Sharekhan is bullish on Amara Raja Batteries has recommended buy rating on the stock with a target price of Rs 784 in its research report dated February 10, 2022.

Hot Stocks | Here's why Amara Raja Batteries, IDFC First Bank, Deepak Nitrite can give better return in short term

The recent development indicates that Nifty could test the previous swing low placed at 16,410. The support derived from, upward sloping trend line, adjoining the weekly lows January 29, 2021 and April 23, 2021 also coincides with swing low of 16,410, says Vinay Rajani of HDFC Securities

Amara Raja Batt Standalone December 2021 Net Sales at Rs 2,365.07 crore, up 20.66% Y-o-Y

Amara Raja Batt Consolidated December 2021 Net Sales at Rs 2,365.87 crore, up 20.68% Y-o-Y

Budget 2022 | Amara Raja Batteries, Exide gain as govt to come out battery-swapping policy

Budget 2022 | Finance Minister Nirmala Sitharaman said the government would promote clean tech in public transport and develop special mobility zones for electric vehicles

Buy Amara Raja Batteries: target of Rs 784: Sharekhan

Sharekhan is bullish on Amara Raja Batteries has recommended buy rating on the stock with a target price of Rs 784 in its research report dated November 29, 2021.

Amara Raja Batteries Q2 PAT may dip 27.2% YoY to Rs 146.6 cr: Motilal Oswal

Net Sales are expected to increase by 11 percent Y-o-Y (up 13.9 percent Q-o-Q) to Rs 2,148.8 crore, according to Motilal Oswal.

Amara Raja Batteries plans $1 billion capex in 5-7 years

Vijayanand said Amamra Raja has been making about Rs 400 to Rs 500 crore investment on capex and sustaining the existing businesses traditionally every year.

Amara Raja Batteries to pick up 11.36% stake in Log 9 for Rs 37 crore

The investment will boost development of indigenous technologies in India's nascent advanced battery sector for fast emerging storage and mobility solutions.

Amara Raja Batteries Q1 PAT seen up 111.3% YoY to Rs 132 cr: Sharekhan

Net Sales are expected to increase by 53.4 percent Y-o-Y (down 16 percent Q-o-Q) to Rs 1,766 crore, according to Sharekhan.

Weekly Tactical Pick – Amara Raja Batteries

Several factors to charge up performance of Amara Raja Batteries further

Small & Midcap Mantra | This underperformer from the auto space can zoom up to 80% in 6 months

With the long-term moving average sloping upwards, the next logical target for the stock is placed at Rs 1,115-1,350 which translates into an upside of 50-80% from the June 18 closing price of Rs 748, suggest experts.

Ideas For Profit | What makes Amara Raja & Exide good long-term investment bets

Battery manufacturers Amara Raja Battery and Exide Industries remained resilient during the first wave of COVID-19, and are expected to stay strong during the second wave as well, given the strong replacement demand. Demand concerns due to the COVID-19 second wave have led to corrections in the stock prices of these companies (Amara Raja’s stock price is down 24% from a 52-week high, while Exide’s is down 12% from its 52-week high). We believe that this soft patch provides a good entry point with a long-term view.

Multiple factors switch it on for battery manufacturers

Battery makers Amara Raja Batteries and Exide Industries are expected to remain strong this time too aided by replacement demand

Reduce Amara Raja Batteries; target of Rs 700: ICICI Direct

ICICI Direct recommended reduce rating on Amara Raja Batteries with a target price of Rs 700 in its research report dated May 25, 2021.

Amara Raja Batteries stock slides 4% on Clarios stake sale; brokerages see no investment in lithium-ion tech as threat

According to a CNBC-TV18 report, Clarios was to sell 17.1 million shares for an aggregate of $174 million today. The floor price for the same had been fixed at Rs 746 per share. As of March 31, 2021, Clarios ARBL Holding LP held a 41 million or 24 percent stake in Amara Raja Batteries, the shareholding pattern data shows.

Reduce Amara Raja Batteries; target of Rs 800: ICICI Direct

ICICI Direct recommended reduce rating on Amara Raja Batteries with a target price of Rs 800 in its research report dated February 26, 2021.

As India eyes a greener tomorrow, here are stocks that may benefit

These carmakers, battery makers and infrastructure providers hold key to a greener tomorrow

Buy Amara Raja Batteries; target of Rs 1129: Geojit

Geojit is bullish on Amara Raja Batteries has recommended buy rating on the stock with a target price of Rs 1129 in its research report dated February 23, 2021.

Amara Raja begins work on lithium-ion cells, sets up research hub at Tirupati

Amara Raj has already invested Rs 20 crore into the hub, excluding technology transfer and bidding fees paid to the ISRO in January 2019 when the company along with nine others won competitive bids from the national space agency.